Singapore Medical Group Limited (Catalist:5OT) entered into a share transfer agreement to acquire the additional 20% stake in SMG Heart Centre Pte. Ltd from an individual for SGD 40 on January 15, 2019. Upon completion of the transaction, Singapore Medical Group Limited will increase its shareholding from 60% to 80% in SMG Heart Centre Pte. Ltd. The consideration was funded through internal resources. As at September 30, 2018, SMG Heart Centre Pte. Ltd had net liabilities of SGD 0.5 million. The transaction is not expected to have any material impact on the consolidated earnings per share and/or net tangible assets per share of Singapore Medical Group Limited and its subsidiaries for the financial year ending December 31, 2019.